Bank of the West will keep originating and holding in portfolio the interest-only loans that the Consumer Financial Protection Bureau’s new rules assign more liability to starting Friday.

"We extensively reviewed the CFPB's rules and found them broadly consistent with how Bank of the West has always done business. At the same time, we know that interest-only loans can fulfill the mortgage needs of many of our customers," says Paul Wible, senior EVP and head of the bank's national finance group.

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